Venezuela Highlights LatAm Integration Dynamism

Caracas, Apr 18 (Prensa Latina) The first decade of the 21st century is currently registered in Latin American history as a period of major dynamism in favor of regional integration, said the president of the Venezuelan Group in the Latin American Parliament (PARLATINO), Rodrigo Cabezas.

The legislator told Prensa Latina that after the neoliberal defeat and the rejection of the U.S. Free Trade Agreement for the Americas, the path to integration has been strengthened.

Cabezas talked of the strengthening of mechanisms such as the Southern Common Market, comprised of Argentina, Brazil, Paraguay and Uruguay, and the Bolivarian Alliance for the Peoples of Our America (ALBA), an initiative that emerged in 2004.

The ALBA, created by Venezuela, Cuba, Bolivia and Ecuador, suggests an integration model, supported by cooperation, solidarity and complementation. That’s why; it is a milestone in our history, the legislator added.

In his opinion, this dynamics of changes leads the region to consider the need to have its own institutions for its economic and social development.

At the same time, Cabezas stated that many nations promote in the area mechanisms of de-dollarization of intra-regional trade, such as the Unified System for Regional Compensation (SUCRE).

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Modificado el ( miércoles, 18 de abril de 2012 )

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